Funding arb · Price arb /

PROMPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.067%

Price spread now: Binance against BingX−0.091%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1621.616% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.091%, 7d avg −0.031%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.060% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PROMPT-USDT	0.02195	0.0100	pay 0.0050% / 4h	2h 30m	—	$6.5M	—
Short	Binance PROMPTUSDT	0.02193	0.0100	get 0.0050% / 4h	2h 30m	$1.2M	$1.3M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.031%: −$6
Slippage, 4 orders: −$141.6
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$167.59
Costs to cover: 1.616%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 1 min ago	6.83 bp	40.3 bp −$40	112.0 bp −$1,120	1111.7 bp −$111.2K	1412.2 bp −$706.1K
Sell Binance live order book, 2 min ago	2.28 bp	48.5 bp −$49	164.9 bp −$1,649	doesn't fit	doesn't fit

PROMPT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PROMPTUSDT	+0.0100%	4h	0.02194	−0.056%	$3K	$150	5x	as long as short
Binance PROMPTUSDTshort	+0.0100%	4h	0.02193	−0.091%	$1.2M	$1.3M	40x
Bybit PROMPTUSDT	+0.0100%	4h	0.02194	−0.046%	$329K	$158K	5x	as long as short
Gate PROMPT_USDT	+0.0100%	4h	0.02197	+0.091%	$539K	$56K	20x	as long as short
MEXC PROMPT_USDT	+0.0100%	4h	0.02193	−0.091%	$110K	$96K	20x	as long as short
KuCoin PROMPTUSDTM	+0.0100%	4h	0.02192	−0.137%	$81K	$71K	30x	as long as short
BingX PROMPT-USDTlong	+0.0100%	4h	0.02195	long leg	—	$6.5M	—
Variational Omni PROMPT	+0.0116%	4h	0.02194	−0.061%	$3K	$4K	—	as long as short
Kraken Futures PF_PROMPTUSD	+3.9345%	1h	0.02212	+0.752%	$2K	$2K	10x	as long as short